The global Bitcoin trading center is shifting, with the U.S. reclaiming dominance. This involves intriguing patterns of price changes and supply distribution. Asia's influence is dwindling due to economic stimuli changes, while key players in the U.S. reshape the market balance. What's behind this strategic movement of Bitcoin's supply, and how is the power balance being reshaped as a result?
U.S. reclaims dominance in Bitcoin market despite supply shift U.S. reclaims dominance in Bitcoin market despite supply shift
Shift in Bitcoin's supply and price influence points to a concentrated U.S. market power.
3 min read
Updated: Nov. 29, 2023 at 8:56 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.